[laughter] other things that -- what we move into carmle's presentation.we look forward to hearing from friends or watching late at night. [laughter] we will paude when arne a rise. >> re-, everybody. the secretary should be here shortly. i will try not to upstage him too much. my presentation will focus on the details that he will lay out the vision for you in terms of the president's budget being unveiled today. the budget includes $49 billion for not discretionary funding for the department of education with a $1 billion reserve fund that would come into play when the congress passes the re- authorization of the secondary education act for a total of $57.3 billion. without the reserve fund, it is a 7.5% increase. with the reserve fund, it is closer to 10. here is the star of the show, i got three or first bullet point. --ñr through your first bullet points. i just talked about the overall increase. >> good afternoon. thanks everybody for coming. the president released his fiscal 2011 budget this morning. it includes a 7.5% increase in discretionary fund